Stumpf Berated Again as Lawmakers Renew Calls That He Quit
- New York’s Maloney questions timing of CEO’s 2013 stock sale
- Stumpf agrees some workers’ behaviors constituted theft
Wells Fargo CEO: 'We Should Have Done More Sooner'
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Wells Fargo & Co. Chief Executive Officer John Stumpf endured a second day of withering assaults from lawmakers furious over the bank’s fake-account debacle, defending himself against new accusations as a separate scandal emerged over the firm’s treatment of service members.
“I don’t personally see how you survive,” Representative Denny Heck, a Washington Democrat, told Stumpf Thursday as the 63-year-old CEO testified for four hours before the House Financial Services Committee.